Daily Update for Friday May 20, 2022.

Each day the market is open, a video is prepared which analyzes and evaluates current conditions of the S&P 500.
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Chapters:
00:00 Introduction, Overview, and Announcements
04:29 Recap
08:31 Sentiment
10:54 Sectors
11:32 Technical Alerts
12:02 Intraday and Daily Charts
13:17 Technical Overview
13:47 Trend Analysis
14:15 Breadth Analysis
15:03 Short Term Analysis
16:01 Intermediate Term Analysis
18:17 Chart Variations
18:34 Trading Systems
18:49 Long Term Analysis
19:51 Broad Market Stocks
20:19 Broad Market Other Markets
21:34 Bonds
24:03 Possible Positive Scenarios
24:38 Outlook
24:43 Scenarios
25:42 Conclusion

Daily Video Update
For Friday May 20, 2022
Announcements
Sound experiments
Chapters added
Mouse tricks
PDFs being used?
Recap 1: Thursday, May 19, 2022
Open
Choppy day
Lower Open not quite down to S1 (3873).
Prices bounced back to UNCH and went slightly positive.
Midday:
Prices chopped around and went negative again and then positive again.
Close
Late day selling.
Down: -0.58%
Volume:
Above average
Fixation:
Technicals, inflation & interest rates (growth concerns), geopolitical concerns, earnings.
Recap 2: Thursday, May 19, 2022
Market Comments:
VIX down on a down day.
10-5 Yield Curve is back even.
Interest rates and stocks declined.
Fear remains extreme.
S&P 500 is in correction territory.
Economic Reports:
Jobless claims were higher than expected at 218,000 (expected 200,000), the Philadelphia Fed Index dropped to 2.6 (expected 16.5), the Conference Board's Leading Economic Index (LEI) decreased 0.3% (expected 0.0%), and existing home sales fell 2.4%.
Trend Condition:
Trend: Negative (strengthening). Bias (Negative). Momentum (Negative).
The Day’s Session
Sentiment
SPX Sectors
Technical Alerts
Intraday
10-Minute Chart
Technical Overview
Friday, May 20, 2022 Positive
Market Positives
Energy
CRB
Gold
Interest rates
Staples.
Friday, May 20, 2022 Negative
Technical Overview: Market Negatives
Dow Jones Comp
World Indexes
Junk Bonds
FANG Index
Small Caps
Dow
Mid Caps
NASDAQ
NDX
NYSE Comp
All Stocks ETF
ARK Innovation ETF
Bitcoin Index
WLSH
Treasury and Corporate Bond Prices.
Trend Analysis
Breadth Analysis
Advance/Decline, NH/NL Studies
Short Term
Days to Weeks
Intermediate Term
Weeks to Months
Chart Variations
Trading Systems
Weeks to Months
Long Term
Months to Years
Broad Market
Stocks
Broad Market
Other Markets
Bonds
Possible Positive Scenarios
Friday, May 20, 2022 Outlook
Technicals: Negative with some oversold readings.
Growth vs Value battle
Economic Reports:
None
Geopolitical events:
Russia/Ukraine. China/Supply Chain. Inflation & Interest rates (growth concerns). Oil. Earnings. Fed Speak. Japan.
Friday, May 20, 2022 Scenarios
1. Down (Negative)
A. Rising interest rates, inflation fears, growth concerns.
Earnings and Fed Speak.
B. Technicals negative.
2. Up (Positive)
A. Technicals negative with some OS readings. Sentiment extreme negative.
B. Possible positive scenarios. N/A but might be setting up.
C. Technicals: Pivots and previous levels may provide S/R.
3. Sideways: (Neutral)
ADX is above 20 and showing a negative trend.
Conclusion based on Thursday, May 19, 2022
Overview:
The SPX is negative.
Short-Term:
Negative but slightly oversold.
Intermediate-Term:
Negative
Long-Term:
Negative: Below 200 SMA.
Thank You!
John Clay
The SPX Investing Program
[email protected]